Australia’s HESTA makes big changes
HESTA's CIO Sonya Sawtell-Rickson and Willis Towers Watson’s Roger Urwin are guiding a transformation at the fund, including adopting a total portfolio approach and planning an innovation lab.
HESTA's CIO Sonya Sawtell-Rickson and Willis Towers Watson’s Roger Urwin are guiding a transformation at the fund, including adopting a total portfolio approach and planning an innovation lab.
The $70 billion NSW Treasury Corp has reorganised its investment staff to erase most sector divisions, in favour of more centralised portfolio construction and manager selection.
CFA Institute chief Paul Smith said in an exclusive interview that winning back the public's confidence would require lower salaries, courses in people skills, better self-regulation and more.
Hiro Mizuno, CIO of the world's largest investor, told the CFA conference that in exchange for multi-year commitments its mandates would now claw back fees when firms don't reach alpha targets.
Canada’s CPPIB and Caisse are both bullish on Asia, embracing hedge funds and separately managed accounts to capture opportunities, delegates at the CFA Institute Annual Conference heard.
A move from alpha-related products to outcome-oriented investments and the need for tech-savvy people are among emerging shifts that will be critical for success, a CFA Institute paper shows.
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